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Updated over 2 years ago,
Cant move into an FHA house that I just bought-can I rent it out?
Hey guys,
I am in a pickle... I bought a duplex out of state last month, and was waiting to move in there. (Its an FHA loan)
Unfortunately, I failed a test for my professional licensing and have to wait one year in order to retake it again. Without my license I cant work in that state, so I cant move there.
I cant afford to keep the duplex unrented. The original plan was to rent out one side and to live in the other side.
Can I rent out both sides?
I am really worried that if I do that I can get in trouble with audit because I signed an affidavit that I will move in there withing 2 months.
(I have other rentals in few states but all rented out, except that side of the duplex that I was planning to move into)
Thank you